Global Astaxanthin
Market Report
2024
Astaxanthin market size is USD 598.9 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.3% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Astaxanthin Market Report 2024.
According to Cognitive Market Research, the global astaxanthin market size is USD 598.9 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.3% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Astaxanthin Market Sales Revenue 2024 | $ 598.9 Million |
Global Astaxanthin Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.3% |
Market Split by Source |
|
Market Split by Form |
|
Market Split by Method of Production |
|
Market Split by Application |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Key Qualitative Information Covered |
|
Report scope is customizable as we have a huge database of Astaxanthin industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Astaxanthin Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Astaxanthin is a carotenoid that occurs naturally and is related to beta-carotene and lycopene. It is responsible for the characteristic reddish-pink coloration of numerous marine organisms, such as microalgae, shrimp, salmon, and lobster. The primary factor driving the market forward is that the cosmetics sector is seeing increased demand for anti-aging and skin health products as more people learn about the health benefits of astaxanthin, which include its anti-inflammatory and antioxidant capabilities, which are supporting the market growth. In addition, agricultural and extractive techniques have progressed technologically and provide opportunities to key market players. The presence of groups that raise awareness about the many uses for these products is also likely to fuel their market expansion. In addition, the implementation of cutting-edge technology to enhance astaxanthin production is anticipated to stimulate market expansion.
Rising health and wellness concepts- One of the main factors of growing market growth is that consumers are becoming more and more aware of the health advantages of astaxanthin. They can find it in dietary supplements that aim to improve your immune system, skin, and eyes. The anti-aging and skin-health effects of astaxanthin have led to its increased usage in cosmetics and skincare products. The need for all-natural food dyes is on the rise in the food and drink sector, which is a key factor propelling the astaxanthin market.
There has been a slow uptake of astaxanthin in certain markets due to the fact that many customers are still ignorant of the supplement and its advantages, even if interest in natural health products is on the rise. There has been slow market expansion due to significantly higher production expenses associated with natural resources.
We have various report editions of Astaxanthin Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
In April 2024, BASF’s Personal Care division has garnered four awards. The “Kenvue Trusted Science Award” category at the in-cosmetics Global Award went to BASF for their innovative and trustworthy modern ingredients. At the same time, the German consulting firm BSB received three categories of the 2024 Innovation Prize. One of the main goals of our Beyond Beauty campaign is to encourage the personal care industry to become more environmentally conscious. At in-cosmetics Global, BASF’s unveiled it. (Source:https://www.basf.com/global/en/media/news-releases/2024/04/p-24-179.html
Top Companies Market Share in Astaxanthin Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerges as the dominant region in the astaxanthin market because the one major element propelling demand is the increasing number of nutrition-related illnesses in the region, as well as the fact that people there are gravitating toward products with natural rather than synthetic chemicals. Additionally, the North American market is being propelled by a well-established cosmetic industry, which is improving the financing situation for studies on astaxanthin technology, a significant number of health-conscious customers, and the rising acceptance of nutritional supplements.
Asia-Pacific stands out as the fastest-growing region in the astaxanthin market due to a number of factors, including rising regional output, rising research and development expenditure, and expanding economies. In addition, increases in organic product understanding, rising disposable income, and the rate of urbanization are all factors that could drive growth in this region’s industry.
The current report Scope analyzes Astaxanthin Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
Global Astaxanthin Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Astaxanthin Industry growth. Astaxanthin market has been segmented with the help of its Source, Form Method of Production, and others. Astaxanthin market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Astaxanthin market.
Source of Astaxanthin analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Astaxanthin Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Astaxanthin from 2019 to 2031. This will also help to analyze the demand for Astaxanthin across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Form of Astaxanthin are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
According to cognitive market research, cosmetics in the astaxanthin market are the dominant category because astaxanthin offers powerful antioxidant capabilities that can shield skin cells from environmental aggressors, free radicals, and ultraviolet radiation. Astaxanthin increases skin firmness by promoting collagen synthesis, which in turn increases skin elasticity. Additionally, it keeps the moisture barrier in place, which makes the skin more hydrated. Because of its mild and natural composition, astaxanthin is an excellent ingredient for sensitive skin care products because it soothes and protects without irritating the skin.
Senior Analyst at Cognitive Market Research
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building. I fulfill data requirements with thorough research and analytics. ME and My research team provide intelligence on industry stats, market structure, company profiles/Competition Analysis, Forecast Mapping, and Recently started providing the COVID-19 Impact Analysis.
Specialties: Industry research, Company analysis, Location Strategy, Tech Research, Change Management, Process Improvement, Peer Group Benchmarking, Startup Ecosystem, Crypto Research, COVID19 Impact Analysis, etc.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Astaxanthin Market is witnessing significant growth in the near future.
In 2023, the Natural segment accounted for noticeable share of global Astaxanthin Market and is projected to experience significant growth in the near future.
The Dry segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Koninklijke DSM N V (the Netherlands) , Cyanotech Corporation (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
The market for Astaxanthin is being propelled by the due to increasing use in various industries, including aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and food and beverages, among others. According to Cognitive Market Research, it is valued at USD 2514.2 million in 2023; the market is projected to grow at a CAGR of 18.00%, reaching USD 9450.52 million by 2032.
https://www.epa.gov/regulatory-information-sector/construction-sector-naics-23
https://www.usace.army.mil/Missions/Civil-Works/Engineering-and-Construction/
https://www.abs.gov.au/statistics/industry/building-and-construction
https://business.gov.au/planning/industry-information/construction-industry
https://www.usitc.gov/research_and_analysis/tradeshifts/2021/footwear
Disclaimer:
Source | Natural, Plants, Yeast & microbes, Marine animals, Synthetic (Petroleum) |
Form | Dry, Liquid |
Method of Production | Microalgae Cultivation, Fermentation, Extraction, Chemical Synthesis |
Application | Feed, Dietary supplements, Food & beverages, Cosmetics |
List of Competitors | Koninklijke DSM N V (the Netherlands), BASF SE (Germany), Cyanotech Corporation (US), Otsuka Holdings Co Ltd. (Japan), Divi’s Laboratories Ltd (India), Valensa International (US), Fuji Chemical Industries Co Ltd (Japan), Beijing Gingko Group (China), Cardax Inc (Denmark), Piveg Inc (US), Fenchem Biotek Ltd (China), Algatech Ltd (Israel), Supreme Biotechnologies (New Zealand), Igene Biotechnology Inc (US), Algamo (Czech Republic), Biogenic Co Ltd (Japan), Astamaz NZ Ltd (New Zealand), Algalif (Iceland), Algae to Omega (US), Algae Health Sciences (US) |
This chapter will help you gain GLOBAL Market Analysis of Astaxanthin. Further deep in this chapter, you will be able to review Global Astaxanthin Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Source Analysis 2019 -2031, will provide market size split by Source. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Source Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Form Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Method of Production Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Astaxanthin market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Natural have a significant impact on Astaxanthin market? |
What are the key factors affecting the Natural and Plants of Astaxanthin Market? |
What is the CAGR/Growth Rate of Dry during the forecast period? |
By type, which segment accounted for largest share of the global Astaxanthin Market? |
Which region is expected to dominate the global Astaxanthin Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|
Published Report Editions
are Just a Tip of an Iceberg
Access the Complete Database of
Astaxanthin Market
Request Sample